Howard Community Information
Howard Community Information
Days On Market for Sold Properties |
3 Mo Avg |
Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for November was 91 , up 78.4 % from 51 days last month and up 225.0 % from 28 days in November of last year . The November 2016 DOM was at a mid level compared with November of 2015 and 2014 . |
300
250
200
150
100
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102 |
91 |
Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The November 2016 Selling Price per Square Foot of $ 146 was down 32.1 % from $ 215 last month and down 19.9 % from 183 in November of last year .
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The November 2016 Selling Price vs Original List Price of 85.1 % was down from 97.3 % last month and down from 94.5 % in November of last year .
0
300 280 260 240 220 200 180 160 140 120 100
120 % 100 % 80 % 60 % 40 % 20 %
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N 13 14
15 16
Selling Price per Square Foot
3 Mo Avg
D J 13 14
194
F M A M J |
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15 |
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16 |
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183
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.4 %
94.5 %
3 Mo Avg
146
85.1 %
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in November 2016 was 13 , down 43.5 % from 23 last month and down 56.7 % from 30 in November of last year .
120 100
0 %
80 60
D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N 13 14
15
16 Inventory / New Listings / Sales
66 66 71
83
92 113 111
99
91 92
83
74
75 69 72
82
89 99 100 94 95 95 95 91
78 72 74
82 102 97 100 104
112
99 98
83
40 20 0 D J 13 14
F M A M J |
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15 |
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16 |
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c o l d w e l l b a n k e r h o m e s . c o m | 25